July 22, 2025

Top Stories

88% of Companies See Sustainability as a Value-Creation Opportunity: Morgan Stanley Survey

Nearly nine out of ten companies view sustainability as a value creation opportunity, expected to drive benefits including higher profitability, revenue growth and improved cost of capital, according to a new survey released by Morgan Stanley, which also found that companies are becoming increasingly adept at quantifying the ROI of sustainability investments, enabling better comparisons to other capital allocation priorities.

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CSA Consults on Proposed Process Refinements and Oversight for a Dispute Resolution Service for Investor Complaints

The Canadian Securities Administrators (CSA) has provided for comment more details on the proposed framework for an independent dispute resolution service with binding authority – anticipated to be the Ombudsman for Banking Services and Investments (OBSI). The consultation includes a proposed oversight model for OBSI and refinements on the review and decision stage of the dispute resolution process.

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IFRS Foundation Publishes Educational Material About Using ISSB Industry-based Guidance When Applying ISSB Standards

The IFRS Foundation today published educational material to help companies understand the role of the ISSB industry-based guidance—which collectively refers to the SASB Standards and the Industry-based Guidance on Implementing IFRS S2—when applying IFRS Sustainability Disclosure Standards (ISSB Standards).

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CSA Announces Final Amendments to Mulitlateral Instrument 13-102 System Fees

The Canadian Securities Administrators (CSA) today published in final form amendments to Multilateral Instrument 13-102 System Fees (MI 13-102).

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CSA Puts Climate and Diversity Disclosures on Ice – A Strategic Retreat?

Is Canadian securities policy starting to mirror a global rollback of ESG and DEI-related disclosure policies?

A recent announcement (Announcement) by the Canadian Securities Administrators (CSA) suggests the answer may be ‘yes’. On April 23, 2025, the CSA announced it would pause development of its proposed mandatory climate-related disclosure rule and amendments to diversity disclosure requirements. The announcement also includes a pause in proposed diversity-related disclosure amendments to National Instrument 58-101.

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CSA Proposes Changes to NI 43-101: ‘Extracting’ What This Means for Mining Issuers and Canada’s Mining Disclosure Regime

On June 12, 2025, the Canadian Securities Administrators (CSA) published Notice and Request for Comment – Proposed Repeal and Replacement of National Instrument 43-101 Standard of Disclosure for Mineral Projects (the Notice), describing the CSA’s proposal to repeal and replace the current National Instrument 43-101 Standards of Disclosure for Mineral Projects (the Instrument), Form 43-101F1 Technical Report (the Form), and Companion Policy 43-101CP to the Instrument (the Companion Policy).

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The CSA Publishes Notice and Request for Comment Regarding Proposed Amendments to NI 43-101

On June 12, 2025, the Canadian Securities Administrators (CSA) published a notice and request for public comment (the CSA Notice) regarding proposed amendments to National Instrument 43-101 Standards of Disclosure for Mineral Projects (the Instrument), as well as Form 43-101 Technical Report (the Technical Report Form) and the Companion Policy 43-101CP to the Instrument (the Companion Policy).

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